OceanIQ Capital LLC Invests $651,000 in United Parcel Service, Inc. $UPS

OceanIQ Capital LLC bought a new stake in United Parcel Service, Inc. (NYSE:UPS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,236 shares of the transportation company’s stock, valued at approximately $651,000.

Several other hedge funds also recently made changes to their positions in UPS. Potomac Fund Management Inc. ADV raised its holdings in United Parcel Service by 0.8% in the fourth quarter. Potomac Fund Management Inc. ADV now owns 11,324 shares of the transportation company’s stock worth $1,123,000 after purchasing an additional 90 shares in the last quarter. Ipsen Advisor Group LLC boosted its holdings in shares of United Parcel Service by 1.7% during the 4th quarter. Ipsen Advisor Group LLC now owns 5,670 shares of the transportation company’s stock valued at $562,000 after buying an additional 95 shares in the last quarter. Detalus Advisors LLC boosted its holdings in shares of United Parcel Service by 1.3% during the 4th quarter. Detalus Advisors LLC now owns 7,978 shares of the transportation company’s stock valued at $791,000 after buying an additional 101 shares in the last quarter. Legacy Wealth Managment LLC ID grew its position in shares of United Parcel Service by 48.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company’s stock worth $30,000 after buying an additional 101 shares during the period. Finally, Wealth Alliance LLC grew its position in shares of United Parcel Service by 3.5% in the 1st quarter. Wealth Alliance LLC now owns 3,013 shares of the transportation company’s stock worth $296,000 after buying an additional 102 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UPS. Oppenheimer lifted their price target on shares of United Parcel Service from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Wall Street Zen upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. Citizens Jmp assumed coverage on United Parcel Service in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Finally, BMO Capital Markets upped their price target on United Parcel Service from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $117.41.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $102.30 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $87.03 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 1.85 and a beta of 1.06. The business has a 50-day simple moving average of $107.78 and a two-hundred day simple moving average of $105.49. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 28th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.11. United Parcel Service had a net margin of 5.08% and a return on equity of 37.50%. The firm had revenue of $22.83 billion for the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter last year, the firm posted $1.55 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. On average, analysts expect that United Parcel Service, Inc. will post 7.22 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Monday, August 17th. United Parcel Service’s payout ratio is 121.93%.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.